21 October 2013
Latest update on the World Bank-housed Climate Investment Funds (CIF) ahead of their October meetings. Information on key trends in the Clean Technology Fund (CTF), Pilot Program for Climate Resilience (PPCR), Forest Investment Program (FIP) and Scaling up Renewable Energy Program (SREP).
Chapter of CIFs Monitor 8 on the Pilot Program for Climate Resilience (PPCR)
Chapter of CIFs Monitor 8 on the Scaling up Renewable Energy Program (SREP)
Chapter of CIFs Monitor 8 on the Forest Investment Program (FIP)
Chapter of CIFs Monitor 8 on the Clean Technology Fund (CTF)
BWP's review of energy sector conditionality in World Bank Development Policy Financing from fiscal years 2018 to 2023 reveals the Bank has followed a pattern of promoting neoliberal reforms in many countries' energy sectors, with climate action increasingly being viewed as the rationale for these changes.
Despite the World Bank’s commitment to move away from funding coal, a series of loopholes in its financial intermediary lending remain that will continue to allow finance to support coal power projects.
World Bank Evolution Roadmap’s proposed superficial technical patches favouring the ‘logic’ of the market will likely fail to deliver the structural changes needed to support borrowing countries amidst global crises.
